Braemar Townhouse Report: March-April 2013
The Braemar real estate market has been on fire recently, and the townhouse resales are no exception. These days, with the lack of inventory, if a Braemar home hits the MLS in good condition and is priced right, it flies off the market. Without further delay, let’s take a look at the Braemar townhouse market for the months of March and April.
There were twelve Braemar townhouses sold between March and April. The high sold price was $295,000, repeated three times, with the one car garage townhouses. The low sold price was $230,000. That comes from a two bedroom, two and a half bathroom townhouse with no garage. When you average all the sold prices, you get our new average market value for Braemar townhouses of $277,833. That represents nearly a 12.5% increase since last report, and over an 8.5% increase in value since last year.
If you placed your Braemar townhouse on the market, priced to current conditions, you could expect it to be under contract in an average of just barely over two weeks. You could also expect a buyer to ask for an average of 1.5% of the sale price in closing cost help.
The next Braemar Townhouse Report will be out in July and will detail sales from May and June. Until then, if you are interested in selling your Braemar townhouse, call me for a free market analysis of your specific home’s value. I’ve been a Braemar home owner and full-time Bristow Real Estate Agent since 2005. In 2007 I added the distinction of being a Short Sale Agent to my resume. No matter what your equity I can help you get your Braemar home sold quickly and for the maximum amount of money. And remember, no one knows Braemar better!
Chris Ann Cleland, Associate Broker-Licensed in VA, Long & Foster REALTORS®
Statistics compiled by Chris Ann Cleland, using the MRIS (Metropolitan Regional Information Systems.)
You can see the most recent property values in Braemar by clicking the links below:
Arista Series (large single family homes built by Brookfield Homes)
Carriage Series (smaller single family homes with detached garages, Brookfield Homes)
Courtyard Series (executive style home, five to a private driveway, Brookfield Homes)
Heritage Series (mid-sized single family homes, Brookfield Homes)
Condo Quarterly (townhouse style condos)